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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Friday, 01 February 2008 |
 Getty Images fourth quarter was the strongest quarter of the year in terms of actual revenue, according to figures released after the stock market closed on this date.
But news from the fourth quarterly report of 2007 was mixed. Even as revenues increased to $218 million, Getty's net income fell by $3.9 million from the same period last year. Earnings per share dropped $0.04 on a year-over-year basis to $0.48.
Getty Images Chief Executive Jonathan Klein said he sees "tremendous progress" in the results.
We experienced sequential growth in every product line compared to the third quarter of 2007 and continue to see strong progress on our many initiatives to stabilize our traditional creative stills business while growing revenue across all other areas of our business, Klein said in a prepared statement.
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Written by Getty Images, Inc.
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Thursday, 31 January 2008 |
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Company reports record revenue for the fourth quarter and full
year 2007
Sequential growth in every product line, including creative stills
SEATTLE, January 31, 2008 -
Getty Images, Inc. (NYSE:GYI), the worlds
leading creator and distributor of visual content and other digital
media, today reported results for the fourth quarter and full year ended
December 31, 2007.
Quarterly Highlights
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Revenue increased 7 percent over the fourth quarter of 2006 to $218
million
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Earnings per diluted share were $0.48
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Cash provided by operating activities was $78.7 million in the
quarter with cash and short-term investments of $364 million at year
end
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Last Updated ( Thursday, 31 January 2008 )
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Thursday, 31 January 2008 |
A full slate of educational events and workshops for photographers, designers and other creative pros will be available during a period that starts in late winter and runs through late spring.
For people working in the stock photography industry, the most important will be the American Society of Picture Professionals (ASPP) Education Conference April 24 to 27 in Phoenix, the British Association of Picture Libraries and Agencies (BAPLA) Picture Buyers' Fair in London May 7 and 8, and CEPIC on the Mediterranean island of Malta.
Photographers will be interested in the American Society of Media Photographers' (ASMP) Strictly Business 2 seminars. The first was held recently in Los Angeles, but others are planned for Atlanta, Philadelphia and Chicago.
Also scheduled are Picturehouse events in Chicago, Paris and Melbourne, Australia; two Sundance Photographic Workshops; a series of lectures about lighting and digital photography by photographer Jack Reznicki; the annual HOW Conference; the Photoshop World Conference; the Art Center Design Conference; and four MOGO Media training conferences for creative professionals.
Continue reading Upcoming Events . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Monday, 28 January 2008 |
Let's make something absolutely clear.
The sale of Getty Images should it occur changes everything.
The hiring of new Getty Images management without a sale should this occur changes everything.
Fresh leadership may take the company down the tubes, drive it to new levels of financial success or simply try a bunch of things that make no difference.
Whatever new managers do, one thing is certain. Getty Images touches every industry player directly or indirectly. When there are big changes at Getty Images, important factors change for everybody connected with stock photography.
This may seem obvious. We certainly think it is. But some have suggested that new Getty management won't make a big difference to the industry.
Heck! Even if Getty finds no qualified buyer, profound industry-wide changes are on the way. The simple act of placing the business up for sale has sent a powerful message Getty Images is vulnerable and current management knows it.
The perception that Getty's dominance is unassailable has evaporated. The industry paradigm is shifting. Change will occur.
But, how should photographers and small distributors respond? What should they do to assure success as the picture becomes clearer?
Read on.
Continue reading It Changes Everything . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Thursday, 24 January 2008 |
If Alamy were a publicly traded company, its share price would probably be up today. That's usually what happens when a public firm beats its revenue estimates.
While some other stock photography companies have seen their business stagnate last year, Alamy reported its biggest year ever, with total revenues of $29.3 million.
The figure was $4.5 million above the $24.7 million Alamy reported in 2006 and $1.2 million more than the company's most recent prediction. Alamy had said it would make at least $28 million during 2007.
Continue reading Alamy Sales Up Again . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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